by Precision Stamping Group Precision Stamping Group

The provincial government is investing $2 million in local businesses to help create 194 new jobs and retain 199 positions in the automotive and manufacturing sectors.

Vic Fedeli, Minister of Economic Development, Job Creation and Trade, announced the investment of $2,086,838 from the Southwestern Ontario Development Fund to support five businesses in Windsor-Essex County.

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Precision Stamping Group is getting $813,750 to invest in innovative technology for the automotive stamping industry to produce the next generation of high-strength steel products and technologies that can make vehicles lighter, fuel efficient, safer and more environmentally friendly. The project is expected to create 20 new jobs and is expected to be completed by August 2021.

Precision Stamping Provincial Investment